facebookWhat was the turning or trigger point for you to make your first investment? I'm a fresh grad and I have been reading about investing, but the inertia to start is very real and quite frightening...? - Seedly
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Anonymous

Asked on 14 Oct 2020

What was the turning or trigger point for you to make your first investment? I'm a fresh grad and I have been reading about investing, but the inertia to start is very real and quite frightening...?

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20 answers

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Answers (20)

I totally understand! I'm surrounded by friends who do not invest, so I don't really have people discussing such topics with me as well.

I think my trigger point came when I first started working and started growing my savings with a steady paycheck. It was then when I also started to pick up more personal finance knowledge and knew I had to do something with my money.

I think it helped when I started with more beginner-friendly stuff, and I dumped money that I could afford to lose. The first step might be intimidating (or exciting, at least for me!), but you'll definitely gain confidence along the way. You just need that bit of courage to get started!

All the best! :-)

2

Frankie Rappaport

Frankie Rappaport

15 Oct 2020

Yes, money you defined as 'could afford to lose' is an important approach, though losing will never happen when You diversify well and invest with patience

Question Poster

13 Nov 2020

Thank You!

Thank You!
Can you clarify
I wonder if
This is so helpful 👍
What about

Post

For me, it's the realisation that simply saving is not enough to beat inflation, and that investing doesn't have to be very complicated for a beginner.

With the wealth of information online, it's not difficult to start from something simple like RSP or robos, to read up and learn along the way, before delving into something more tricky such as stock picking.

Though I did start my first investment with STI ETF a couple years ago ahaha...​​​

2

Frankie Rappaport

Frankie Rappaport

15 Oct 2020

Yes, we have very many information sources and with much reading we can develop a 'gestalt' of the successful modes of investing. patience and diversification are some facets of this gestalt.

Rachelle

Rachelle

15 Oct 2020

Patience, truly a crucial yet underrated investing tactic 👍

Thank You!
Can you clarify
I wonder if
This is so helpful 👍
What about

Post

Frankie Rappaport

Frankie Rappaport

Level 10. Unicorn

Answered on 15 Oct 2020

I have to admit, that in my case I needed no turning point, because I started (small time) as a pupi...

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